Azenta, Inc. (NASDAQ:AZTA) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in Azenta, Inc. (NASDAQ:AZTA) by 11.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 782,745 shares of the company’s stock after selling 105,992 shares during the period. Geode Capital Management LLC owned approximately 1.71% of Azenta worth $39,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Picton Mahoney Asset Management lifted its position in Azenta by 305.7% during the fourth quarter. Picton Mahoney Asset Management now owns 706 shares of the company’s stock valued at $35,000 after purchasing an additional 532 shares during the period. KBC Group NV raised its stake in shares of Azenta by 48.5% during the 4th quarter. KBC Group NV now owns 2,137 shares of the company’s stock valued at $107,000 after buying an additional 698 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Azenta in the 4th quarter valued at about $200,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Azenta by 14.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,446 shares of the company’s stock worth $225,000 after buying an additional 576 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd grew its holdings in Azenta by 123.0% during the fourth quarter. Catalyst Funds Management Pty Ltd now owns 4,684 shares of the company’s stock worth $234,000 after acquiring an additional 2,584 shares during the period. 99.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AZTA has been the topic of several recent research reports. TD Cowen upgraded Azenta to a “hold” rating in a research report on Thursday, February 27th. Stephens reissued an “overweight” rating and set a $60.00 price target on shares of Azenta in a report on Thursday, January 2nd. Needham & Company LLC raised their price target on shares of Azenta from $55.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Evercore ISI upped their price objective on shares of Azenta from $50.00 to $52.00 and gave the stock an “in-line” rating in a research report on Thursday, February 6th.

Azenta Price Performance

Shares of NASDAQ:AZTA opened at $25.91 on Wednesday. The business’s 50 day moving average price is $38.34 and its 200-day moving average price is $44.44. Azenta, Inc. has a 1 year low of $25.36 and a 1 year high of $63.58. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -8.69 and a beta of 1.66.

Azenta (NASDAQ:AZTA) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Azenta had a negative net margin of 24.91% and a positive return on equity of 1.25%. On average, sell-side analysts expect that Azenta, Inc. will post 0.53 earnings per share for the current year.

Azenta Profile

Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.